New Delhi: The Supreme Court refused the public interest litigation (PIL) for the reappointment of Securities and Exchange Board of India (Sebi) chairman U.K. Sinha.

This decision was taken by a three-judge bench comprising chief justice T.S. Thakur, justices U.U. Lalit and R. Banumathi. The bench said there is no bar on reappointment after serving five years and Sinha already was given two terms.

Senior advocate Indira Jaising, appeared for the petitioner, asked for a notice on the plea seeking reappointment of Sinha as the SEBI head.

Jaising referred to the alleged flouting of rules or norms by the Centre in appointing Sinha and said that he has been reappointed despite the fact that the selection committee did not include his name in the list of the shortlisted candidates for the post.